The Vaults at Portland House in Bute Street has had an application for a licence to serve alcohol and play music granted.

There have been monthly club nights held in the bank vaults below the historic building but now approval has been given for the vaults to get a permanent licence and those behind it say it will allow them to expand.

Those behind the scheme say that the space is “regarded as one of the best underground venues in the UK”.

Opened in 1927 and originally the Cardiff docks branch of the National Provincial Bank, it was owned by NatWest up until 2002.